Results of operations The world economy and global industrial production saw much stronger growth in 2017 than in 2016, while growth in the global chemical industry (excluding pharmaceuticals) was roughly on a level with the previous year. Overall, our business performed extremely well in this market environment, with considerable sales and earnings increases. The Chemicals segment made a particularly strong contribution. For more on business reviews by segment, see:Business review ChemicalsBusiness review Performance ProductsBusiness review Functional Materials & SolutionsBusiness review Agricultural SolutionsBusiness review Oil & Gas (XLS:) Download Sales and earnings (million €) 2017 2016 Change in % 1 Amortization of intangible assets and depreciation of property, plant and equipment (including impairments and reversals of impairments) Sales 64,475 57,550 12.0 Income from operations before depreciation and amortization (EBITDA) and special items 12,527 10,327 21.3 EBITDA 12,724 10,526 20.9 EBITDA margin % 19.7 18.3 – Amortization and depreciation1 4,202 4,251 (1.2) Income from operations (EBIT) 8,522 6,275 35.8 Special items 194 (34) . EBIT before special items 8,328 6,309 32.0 Financial result (722) (880) 18.0 Income before taxes and minority interests 7,800 5,395 44.6 Income before minority interests 6,352 4,255 49.3 Net income 6,078 4,056 49.9 Earnings per share € 6.62 4.42 49.8 Adjusted earnings per share € 6.44 4.83 33.3 (XLS:) Download Sales and earnings by quarter in 20172 (million €) 1st quarter 2nd quarter 3rd quarter 4th quarter Full year 1 Amortization of intangible assets and depreciation of property, plant and equipment (including impairments and reversals of impairments) 2 Quarterly results not audited Sales 16,857 16,264 15,255 16,099 64,475 Income from operations before depreciation and amortization (EBITDA) and special items 3,507 3,291 2,793 2,936 12,527 EBITDA 3,502 3,233 3,007 2,982 12,724 Amortization and depreciation1 1,051 1,052 1,049 1,050 4,202 Income from operations (EBIT) 2,451 2,181 1,958 1,932 8,522 Special items (6) (70) 198 72 194 EBIT before special items 2,457 2,251 1,760 1,860 8,328 Financial result (152) (174) (185) (211) (722) Income before taxes and minority interests 2,299 2,007 1,773 1,721 7,800 Net income 1,709 1,496 1,336 1,537 6,078 Earnings per share € 1.86 1.63 1.45 1.68 6.62 Adjusted earnings per share € 1.97 1.78 1.40 1.29 6.44 (XLS:) Download Sales and earnings by quarter in 20162 (million €) 1st quarter 2nd quarter 3rd quarter 4th quarter Full year 1 Amortization of intangible assets and depreciation of property, plant and equipment (including impairments and reversals of impairments) 2 Quarterly results not audited Sales 14,208 14,483 14,013 14,846 57,550 Income from operations before depreciation and amortization (EBITDA) and special items 2,843 2,674 2,490 2,320 10,327 EBITDA 2,812 2,790 2,437 2,487 10,526 Amortization and depreciation1 946 1,072 973 1,260 4,251 Income from operations (EBIT) 1,866 1,718 1,464 1,227 6,275 Special items (40) 11 (52) 47 (34) EBIT before special items 1,906 1,707 1,516 1,180 6,309 Financial result (188) (177) (283) (232) (880) Income before taxes and minority interests 1,678 1,541 1,181 995 5,395 Net income 1,387 1,092 888 689 4,056 Earnings per share € 1.51 1.19 0.97 0.75 4.42 Adjusted earnings per share € 1.64 1.30 1.10 0.79 4.83 back next